Recently, there has been a discussion about how NFT royalties in the secondary market are being pushed lower and lower. Basically, everyone just wants liquidity, and the creator’s “future royalties” become quite awkward. I used to be a bit obsessive, always saying “I only look at on-chain,” thinking that rules written into smart contracts are enough… but the reality is, if exchanges/markets change their front-end, no matter how solid your on-chain setup is, it can be bypassed. In the end, it still turns into a game everyone defaults to.

By the way, this wave of re-staking, shared security, and yield stacking being criticized as “copy-pasting” also has a similar flavor: everyone is stacking expectations, and when something really goes wrong, they’ll look back and ask “who should be responsible.” So now I prefer to see royalties as a choice of “whether to respect creators,” rather than an inevitable income. Support if you can, don’t pretend if you can’t. Anyway, I’ll first focus on consolidating interactions and positions, to avoid being driven by emotions.